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§ Private Profile · San Jose, CA, USA
AI-powered data security governance for enterprises. Discover, classify, understand, and protect sensitive data across cloud & on-prem.
Based in San Jose, California, Concentric AI provides an AI-powered data security governance platform that helps enterprises discover, classify, and protect sensitive information across cloud and on-premises environments. The software-as-a-service company manages hundreds of petabytes of customer data across sectors such as financial services, healthcare, technology, and energy. Its core platform features automated compliance monitoring and data detection and response capabilities to reduce enterprise risk. Operating with a workforce of 88 employees, the business recently reported a 300 percent year-over-year growth rate and tripled its customer base during 2024. To support this expansion, Concentric AI has raised $67 million in total funding, which includes an oversubscribed $45 million Series B round backed by Top Tier Capital Partners, HarbourVest Partners, Ballistic Ventures, and Clear Ventures. The enterprise software company was founded in 2019 by Karthik Krishnan and Dr. Madhu Shashanka.
Concentric AI has raised $60.0M across 2 funding rounds.
Concentric AI has raised $60.0M in total across 2 funding rounds.
Concentric AI has raised $60.0M in total across 2 funding rounds.
Concentric AI's investors include Top Tier Capital Partners, Citi Ventures, General Catalyst, Ballistic Ventures.
Concentric AI has raised $60.0M across 2 funding rounds. Most recently, it raised $45.0M Series B in October 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 1, 2024 | $45M Series B | TOP Tier Capital Partners | Citi Ventures, General Catalyst | Announced |
| May 1, 2022 | $15M Series A | Ballistic Ventures | Citi Ventures, General Catalyst | Announced |
Concentric AI is a SaaS-based data security company that builds a Data Security Posture Management (DSPM) and governance platform powered by Semantic Intelligence™, using context-aware AI and deep learning to autonomously discover, classify, monitor, and protect sensitive data across cloud, on-premises, and GenAI environments[1][2][4][5]. It serves enterprises in sectors like financial services, healthcare, technology, insurance, energy, education, government, and more—ranging from universities to oil and gas firms—helping them identify risks in structured/unstructured data (e.g., PII, IP, PHI), remediate permissions, streamline compliance, and eliminate duplicates at scales up to 30+ petabytes[1][3][4]. The platform solves the core problem of sprawling, unsecured data in hybrid environments by replacing brittle regex/rules-based tools with AI-driven semantic understanding, reducing false positives and enabling quick value, as seen in customer testimonials during proofs-of-concept[1][2][3][6].
Growth is explosive: 300% YoY revenue increase, customer count tripled in six months, employee headcount doubled in the past year, $67M total funding (including $45M recent round), and acquisitions of Swift Security and Acante to integrate DLP and GenAI governance[3][4][5].
Founded five years ago (around 2020) in San Jose (headquarters now listed in San Mateo), California, Concentric AI emerged from founders' recognition of enterprises' "massive data security problem"—exploding data volumes sprawled across cloud/on-premises, spanning IP, financials, PII/PCI/PHI, with legacy tools failing at scale[1][3][5]. Co-founder Madhu's 2019 insight on using transformers/language models for semantic data understanding (pre-dating widespread adoption) drove the pivot from regex/manual rules, enabling context-aware discovery[3]. Early traction came fast: customers deployed across petabytes in financials/healthcare, then expanded to 12+ verticals like pork producers and hedge funds, validating broad appeal and hitting quick wins in risk remediation[3].
Concentric AI stands out in DSPM through AI-native innovation over legacy tools:
Concentric AI rides the data explosion and AI security wave, where enterprises grapple with hybrid/multi-cloud sprawl, GenAI risks (e.g., unsanctioned model training/exfiltration), and regulations like GDPR/HIPAA amid petabyte-scale unstructured data growth[1][3][4]. Timing is ideal: 2019 transformer foresight positioned it ahead of GenAI hype, with acquisitions filling DLP/GenAI gaps as breaches hit records and DSPM demand surges[3][4]. Market tailwinds include vertical-agnostic need (12+ sectors), shift to AI over rules-based tools, and compliance pressures favoring automated platforms[1][3]. It influences the ecosystem by setting DSPM standards—pioneering user activity monitoring in on-prem repos and holistic governance—helping security teams operationalize without overload, potentially becoming the "de facto enterprise platform"[3][4][5].
Concentric AI is primed for multi-generational dominance in data security, expanding its unified platform to own discovery, monitoring, protection, investigation, and compliance amid rising GenAI/hybrid risks[3][4]. Next: deeper GenAI integrations, more vertical expansions, and global scaling (already in NA/LatAm/EMEA/APAC) fueled by momentum and investor backing[1][3]. Trends like AI regulation, zero-trust data, and petabyte migrations will amplify its edge, evolving it from specialist to indispensable "easy button" for enterprise data assets—transforming liabilities into strengths, much like its founders envisioned at launch[1][3].